AMSTERDAM (Reuters) -Amazon (AMZN) plans to speculate 1.4 billion euros ($1.63 billion) within the Netherlands over the subsequent three years, the corporate mentioned on Monday.
The funding is its largest within the euro zone’s fifth largest economic system because it launched its actions there in 2020, the corporate mentioned.
Amazon has round 1,000 workers within the Netherlands, the place its on-line gross sales path these of market chief Bol.com, a subsidiary of retail agency Ahold Delhaize.
“The Netherlands is a vital development marketplace for us,” Amazon’s head for Belgium and the Netherlands Eva Faict mentioned.
“These investments will enable us to raised serve our prospects and enhance our providers.”
In an interview with Dutch monetary every day FD printed on Monday, Faict mentioned the investments had been partly aimed on the improvement of synthetic intelligence for entrepreneurs who promote their merchandise on Amazon’s platform.
Earlier this month, she introduced a $1.16 billion funding in Amazon’s Belgian operations.
(Reporting by Bart Meijer; Enhancing by Sonia Cheema and Joe Bavier)
